Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    515 Alvarado St Los Angeles, CA 90057-2903
    Back to Search
    Property profile & analytics

    515 Alvarado St, Los Angeles, CA 90057-2903

    View on Map
    • Community centers
    • 22,002 SF
    • 0.72 lot acres
    Off-Market
    Property ID
    US09-8191015
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $6,190,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alvardo Co LLC / (Bike/Boat/Book/etc) Store
    • Alvarado Laundry / (Bike/Boat/Book/etc) Store

    Property Details for 515 Alvarado St

    Year built
    1979
    Construction
    WOOD
    Lot size
    0.72 lot acres
    Zone code
    LAC2
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    5154-031-029
    APU
    5154031029

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 8, 2024 — Jeffrey Alvarado LLC — Deed · related $4.4M · Pacific Alliance Bank
    Feb 2, 2021 — Jeffrey Alvarado LLC — Deed · related $4.6M · Pacific Alliance Bank
    Jan 10, 2018 $8,500,000 Jeffrey Alvarado LLC Alvarado Company LLC Grant Deed $4.2M · East West Bank
    Nov 18, 2015 — Alvarado Company LLC Benny Newman Quit Claim Deed · related $3.1M · Opus Bank
    Jul 30, 2007 — Benny Newman Newman,benny & Jasmine Quit Claim Deed · related —
    Aug 12, 2003 — Benny Newman 515 S Akvardo LP Grant Deed $1.9M · East West Bank
    Dec 7, 1998 — 515 S Alvarado LP Harkham Trust Grant Deed $1.2M · Affinity Bank
    Jun 23, 1994 $10,000 Harkham Trust Halevy,david & S Grant Deed —
    Dec 29, 1989 — Steven Feintein Feins Quit Claim Deed · related —
    Dec 29, 1989 $326,000 Halevy David&sue Hark Trustees Deed · related —
    Dec 28, 1989 — Harkham Uri Tr Harkham Uri P Et Quit Claim Deed · related —
    — — Benny Newman — Deed Of Trust · related $3.3M · Nara Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $9,320,000
      Current use
      MEDICAL BUILDING
      $10,025,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $9,035,000
      Change: -3% Conversion: Easy
      OFFICE BUILDING
      $8,755,000
      Change: -6% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.275
    Latitude
    34.0604
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $118,133
    $7,808,631
    $1,673,277
    $9,481,908
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,000,000
      5,251 SF

      3251 Beverly Blvd

      MINI-MALL
      3251 Beverly Blvd, Los Angeles, CA 90057-1017
      View Details
    • Value Estimation
      $2,240,000
      8,530 SF

      801 Alvarado St

      MINI-MALL
      801 Alvarado St, Los Angeles, CA 90057-4009
      View Details
    • Value Estimation
      $2,890,000
      15,819 SF

      618 Rampart Blvd

      MINI-MALL
      618 Rampart Blvd, Los Angeles, CA 90057
      View Details
    • Value Estimation
      $545,000
      4,687 SF

      2000 6th St

      MINI-MALL
      2000 6th St, Los Angeles, CA 90057-3164
      View Details
    • Value Estimation
      $1,215,000
      7,028 SF

      2600 6th St

      MINI-MALL
      2600 6th St, Los Angeles, CA 90057-3110
      View Details
    • Value Estimation
      $2,255,000
      13,836 SF

      1800 6th St

      MINI-MALL
      1800 6th St, Los Angeles, CA 90057-3139
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,500 SF

      Retail Building For Sale

      Freestanding retail building with 20,500 square feet of space.
      2500 W 7Th St, Los Angeles, CA 90057
      View Details
    • Contact for pricing
      30,319 SF

      Mixed-Use Building in Pico Union

      32-unit mixed-use building near Downtown Los Angeles.
      694 S Burlington Ave, Los Angeles, CA 90057
      View Details
    • $139,000

      Established Mini Mart Business Opportunity

      Established mini mart for sale in a high-traffic Los Angeles neighborhood.
      3125 Beverly Blvd, Los Angeles, CA 90057
      View Details
    • $8,895,000

      Rampart Village Renovated Mixed-Use Building

      Four-story mixed-use building with 65 units and one retail space.
      2731 Beverly Blvd, Los Angeles, CA 90057
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Art Deco Mixed-Use Building

      Two-story mixed-use building near MacArthur Park Metro Station.
      688 South Alvarado St, Los Angeles, CA 90057
      View Details
    • Contact for pricing
      3,067 SF

      Retail Space in Filipinotown

      Retail space in a densely populated Los Angeles neighborhood.
      1800 Beverly Blvd, Los Angeles, CA 90057
      View Details
    • Contact for pricing
      3,420 SF

      Retail Space Available For Lease

      Retail space available for lease in Los Angeles, CA.
      1800 Beverly Blvd, Los Angeles, CA 90057
      View Details
    • New
      Contact for pricing

      Single-Tenant Retail Storefront

      Single-tenant retail space suited for an owner-operator looking for dedicated street-level presence.
      712 S Grand View St, Los Angeles, CA 90057
      View Details
    • $3 SF/Yr

      Retail and Residential Units Available

      Retail and residential units for rent near Metro stations.
      Los, Los Angeles, CA 90057
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    515 Alvarado St
    Los Angeles, CA 90057-2903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    515 Alvarado St, Los Angeles, CA, 90057
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!